Franklin Ohio Contrato de Compraventa de Bienes Raíces - Sin Corredor - Lote o Terreno Residencial - Contract for the Sale and Purchase of Real Estate - No Broker - Residential Lot or Land

• Category: Bienes Raíces - Contratos - Terrenos o Lotes
• State: Multi-State
• County: Franklin
• Control #: US-00472B
• Format: Word

Description

This form should be used for the sale of a residential lot or land. The Franklin Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legally binding document that outlines the terms and conditions for the sale and purchase of a residential lot or land in Franklin, Ohio. This contract is specifically designed for transactions that do not involve a broker or real estate agent. When entering into this contract, it is crucial to understand its various types or variations, each catering to specific circumstances: 1. Standard Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land: This is the most common type of Franklin Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land. It includes all the essential elements necessary for a successful transaction, covering aspects such as the description of the property, purchase price, earnest money deposit, contingencies, closing process, and warranties. 2. Contract with Financing Contingency: In some cases, the buyer may require financing to complete the purchase. This type of contract includes a financing contingency, which allows the buyer to back out of the agreement if they are unable to secure adequate financing within a specified time frame. This contingency protects the buyer's interests and ensures that they are not bound by the contract if financing falls through. 3. Contract with Home Inspection Contingency: To ensure that the residential lot or land meets the buyer's expectations, this type of contract includes a home inspection contingency. It allows the buyer to hire a professional inspector to assess the property's condition. If the inspection reveals significant issues, the buyer can negotiate repairs, a reduction in the purchase price, or even cancel the contract based on the inspection report. 4. Contract with Title Contingency: A contract with a title contingency ensures that the buyer will receive clear and marketable title to the property. If any title defects or encumbrances are discovered during the title search, the buyer has the right to terminate the contract or request corrective actions to resolve such issues. 5. Contract with Seller Financing: In cases where the seller agrees to finance a portion or the entire purchase amount, a contract with seller financing is used. This contract outlines the terms and conditions of the financing agreement, including interest rates, payment schedules, and any collateral or security arrangements. It is important to consult with a real estate attorney or professional when drafting or entering into a Franklin Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land to ensure compliance with state laws and to protect the interests of both parties involved.

The Franklin Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legally binding document that outlines the terms and conditions for the sale and purchase of a residential lot or land in Franklin, Ohio. This contract is specifically designed for transactions that do not involve a broker or real estate agent. When entering into this contract, it is crucial to understand its various types or variations, each catering to specific circumstances: 1. Standard Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land: This is the most common type of Franklin Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land. It includes all the essential elements necessary for a successful transaction, covering aspects such as the description of the property, purchase price, earnest money deposit, contingencies, closing process, and warranties. 2. Contract with Financing Contingency: In some cases, the buyer may require financing to complete the purchase. This type of contract includes a financing contingency, which allows the buyer to back out of the agreement if they are unable to secure adequate financing within a specified time frame. This contingency protects the buyer's interests and ensures that they are not bound by the contract if financing falls through. 3. Contract with Home Inspection Contingency: To ensure that the residential lot or land meets the buyer's expectations, this type of contract includes a home inspection contingency. It allows the buyer to hire a professional inspector to assess the property's condition. If the inspection reveals significant issues, the buyer can negotiate repairs, a reduction in the purchase price, or even cancel the contract based on the inspection report. 4. Contract with Title Contingency: A contract with a title contingency ensures that the buyer will receive clear and marketable title to the property. If any title defects or encumbrances are discovered during the title search, the buyer has the right to terminate the contract or request corrective actions to resolve such issues. 5. Contract with Seller Financing: In cases where the seller agrees to finance a portion or the entire purchase amount, a contract with seller financing is used. This contract outlines the terms and conditions of the financing agreement, including interest rates, payment schedules, and any collateral or security arrangements. It is important to consult with a real estate attorney or professional when drafting or entering into a Franklin Ohio Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land to ensure compliance with state laws and to protect the interests of both parties involved.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.